valuation rule of thumb, page-3

Edited for clarity:

Valuation of uranium takeovers is normally based upon million lbs in the ground multiplied by a value in US$ per pound. This post is not to put up numbers, but to give a handy rule of thumb to convert these two values to a share price in A$.

Rule of thumb:
@ US$6 per pound - divide Mlbs by 30
@ US$9 per pound - divide Mlbs by 20
@ US$12 per pound - divide Mlbs by 15

Example: Zone 1 + Ida Dome = 170 million lbs indicated + inferred. If that was the only uranium taken into account, and you assumed the lowest possible value in $ per pound, what A$ share price would that be?

Answer: @ US$6 per pound - divide Mlbs by 30 - share price should be 170 Mlbs/30 = A$5.67

Example: If you assumed that Zone 1 + Zone 2 + Ida Dome = 300 million lbs, and you thought that with the excellent grade, cheap extraction and potential for further resource upgrade a value of US$12 per pound was justified, what A$ share price would that be?

Answer: @ US$12 per pound - divide Mlbs by 15 - share price should be 300 Mlbs/15 = A$20

Assumptions: exchange rate US$0.80 = A$1